Launched in January 2020, Bamboo is an investment platform that unlocks global markets for Africans by providing real-time access to dollar-denominated assets via its platform. Users can fund with their dollar or local currency balance almost instantly and start investing in stocks. So far, Bamboo has gained over 300,000 accounts in Nigeria. Meanwhile, an API solution allows asset managers, fintech companies and other consumer-facing platforms and financial institutions to integrate Bamboo’s API and to offer their users global access. The US$15 million Series A round was led by Greycroft and Tiger Global with participation from Motley Fool Ventures, Saison Capital, Chrysalis Capital, and Y-Combinator’s Michael Seibel, amongst others. With the capital, Bamboo plans to further accelerate its growth, doubling down on unlocking new markets and launching more products. Since Bamboo announced plans to launch in Ghana in April 2021, more than 50,000 Ghanaians have joined the waitlist.
To give Africans and their asset managers easy, fast, and secure access to global investment options that will allow them to earn real returns. The technology infrastructure powering financial services in Africa such that if you’re investing in the global capital markets from Africa. Bamboo is enabling Africans to build wealth by creating an investing platform that is helpful to both experienced investors and to those new to the stock market.